Financial companies in the UK are at odds with their French and German counterparts over the transfer of regulatory power, with an overwhelming number opposed to granting the highest authority to one of Europe's three supranational bodies.

According to a survey of 606 corporations, asset manager and pensions funds, conducted by research and consulting firm Greenwich Associates, 9 out of 10 UK respondents said regulatory power should not be handed to either the European Banking Authority, the European Insurance and Occupational Authority or the European Securities Market Authority.